It means the
wide victory of the Party Syriza that will take place a confrontation
inevitably between Athens and their worthy of the UE and the IMF. The breach
that separates its creditors' Syriza is very wide, for what won't be easy to
reduce it. Short term, to the two parts it will interest them to enlarge the
rescue of Greece beyond February 28, their expiration date, but I don't see
neither the logic neither the necessity to enlarge it much further on, so then
they will take definitive measures.
The problem
belongs to all acquaintance the whole Greek debt it is in hands of the UE and
therefore of the suffering ones European, you, me and German of Bavaria that he
sells life insurance. This is this way because when one says that the Spanish
state or German or the Belgian has so many thousands of millions of Eurus of
Greek debt the reality is that they are the suffering Spaniards the Germans or
the Belgian the one that has to finance it and in the worst in the cases to pay
and this is the question they have the governments of the UE the imperium of
forgiving my debt we don't made a mistake in this the governments they don't
have money they collect it of her inhabitants.
It is for that
reason that the question is difficult but it is necessary to find a solution
inevitably and I believe me that it is not in fact to continue lengthening the
terms of the unavoidable thing. In my opinion today the situation of Greece is
so desperate economically and socially that I believe that it is the moment to
break the situation of commitment completely because he can no longer harm
more. However if it continues lengthening the so much agony of the Greeks as of
the other Europeans each action each loan each NON solution the wrong increased
to be of all.
Greece needs
other solutions that they are not in fact those that it proposes Germany and
Brussels the measures of austerity they are not viable in a country where there
is not possibility some of saving, Greece spends a lot more than what enters in
its GDP this not alone he makes that it cannot assume the payment of more
foreign debt, but rather it also produces internally it for itself.
I already
exposed once it, the German measures are good for Germany and their influence
area, because they are some countries that if they reduce their expense they
don't reduce their revenues and therefore they save. And they can be located I eat he has already
made it Germany in a deficit zero or almost positive.
But this measure
is impossible to impose in countries where its fiscal balance of the taxes of
the civic consumption depends, more than of the managerial and commercial
taxes, in these countries if you clip or you apply austerity, you clip the
revenues of the country at the same time what takes place the I don't pay of
the debt and the creation of more debt to cover the budgetary deficit.
In the current
situation to enlarge the term to alone Greece would serve so that so much
Alexis Tsipras, leader of Syriza, as his creditors won time, and they thought
about how to reach a commitment to longer term avoiding the exit of Greece of
the euro zona, if it is what they want both (debtor and creditors) no
government of the euro zona possibly wants this result, I neither eat they want
it most of the Greeks for what Tsipras would assume a great risk adopting
measures that unchained an exit of the euro.
But let us be
clear because Syriza this prisoner of the reality and it is also simply he then
since UE because they don't have much more time. Greece has slope the payment
of 4.300 million Eurus in March and more than 6.000 million Eurus in July and
August. If Syriza doesn't decide to incur in unpaid, he/she will need its
moneylenders' help, a new credit line and that the BCE injects money to the
Greek banks, and it is not necessary to say that this means to enlarge the
problem.
It doesn't seem
that there are many more possibilities, mainly because the German Government
opposes himself flatly to any agreement of it removes or pardon of the Greek
debt that supports and it is ascended to more than 60.000 million Eurus. Also,
in this sense, the chancellor Angela Merkel knows that it has the back of the
German electorate. And here the true danger takes place it is certain that as
much the Germans as all the Nordic Europeans cannot forgive neither to accept
the Greek trap and positions to the truth neither the Spaniard neither the
Italian neither the Portuguese to say.
This is very
serious because nobody remembers or they didn't tell it to him in their moment
that their governments accepted all the fiscal chicaneries presented by the
countries of the south so that these enters in the Europe of Euro today it is
seen that that was an error in fact it was it the EURO and it was it because
the political leaders (THAT ARE NOT ECONOMISTS) they thought that a common
currency would make a common Europe maintaining the national independence of
each country at the same time.
Tremendous error
the result is just the opposite the euro Europe it has separated in two halves a
one that can be financed the euro and the other one the one that the euro has
sunk it in the firmest in the miseries. Today is easy to foresee that or this
intersects of root or the poor Europe was taken to the well from the misery to
the rich Europe because the fiscal and economic imbalance among both it is in
salvable, and socially this situation is unjust and intolerable.
It is not
necessary to me to understand another possibility that to create that Europe
that Merkel foresaw the Europe of two speeds already about three years ago that
me today an Europe of two economies would say that of the German euro and the
other one and there is not more solution than to accept it the Europe of the
north will admit this way never to thoroughly finance the imbalances of the
Europe of the south lost.
The solution is
that an Europe of the south is formed with an in agreement economy to its
reality and with a “south euro” with a value of change with regard to the euro
of more or less 0,80% on the euro that is to say 1euro would be worth 1.20
south euro, this would get suddenly that the south of Europe was more
competitive for the Europe of the north than many companies of the north they
transferred factories to the since south the wages they would be suddenly 20 %
cheaper the products of the South they would be equally 20 % cheaper with that
that maybe those of the north would think that we would be no longer so bad
those of the south.
For the Europe
of the south this would put more in the reality their economies, in front of
the international markets it could compete better and the reactivation of its
economies would be a reality its foreign currency it could fluctuate of so much
value in front of its homonymous of the north as in the markets of
international foreign currencies and who knows it could arrive the day that the
parity between both Eurus were so near that can really speak another time of an
unique euro and an European Union. If it is not there is not this way more
remedy than or the Europe of the north buys the debt and with it to the Europe
of the south or we separate and we tie ourselves to wars like so many times we
have made during the history.
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